Bajaj Finance allots Rs 2,120 crore secured NCDs via private placement

Fund Raising View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-3.3%Reaction day

₹957.35

prior close

₹925.35

announcement price

In-mkt

timing

Nifty 100market-0.6%-2.7% vs market

Non Banking Financial Company (NBFC) peers, median of 212sector-1.9%-1.4% vs sector

On the reaction day the stock moved 2.7 pts less than Nifty 100 and 1.4 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

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UpDownMarket · Nifty 100Sector · Non Banking Financial Company (NBFC) peers, median of 212Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Bajaj Finance allotted 2,12,000 secured redeemable non-convertible debentures (NCDs) of face value Rs 1 lakh each, aggregating Rs 2,120 crore, on a private placement basis. The NCDs are zero coupon, have a tenure of 1,826 days (5 years), maturing on 21 October 2031. They will be listed on the BSE wholesale debt market segment and are secured by a first pari-passu charge on book debts and loan receivables with minimum 1.00 times security cover.

Likely market impact

Raises Rs 2,120 crore of low-cost, zero-coupon debt funding for 5 years, supporting growth lending without equity dilution.